Rent, population, and median household income are important factors to consider for a 1031 exchange in Leawood due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Leawood, Missouri is a part of the Overland Park South Submarket submarket area.
Leawood Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Leawood, MO submarket area was $1,250, which is 14.36% higher than 2014 average rent. This represents a compounded annual growth rate of 2.72%. 2019 vacancy in Leawood, MO was 4.90%.
The total population of the city of Leawood, MO has grown 8.86% since 2010. As of 2018, the population was 34,689. The median household income of the Leawood was $149,736, which is 148.35% higher than the national average.
- submarket area Overland Park South Submarket
- avg rent $1,250
- rent growth 14.36%
- vacancy 4.90%
- median income $149,736
- population (2018) 34,689
- population growth 8.86%
- vs. nat'l avg 148.35%